Michael S.’s Post

For most people, retirement is not an “everlasting vacation,” Rather, you need to work — just not in a job — to be good at being retired. 1. The ‘vacation’ phase- When you retire, you suddenly have no routine — and plenty of time on your hands. You have the freedom to do whatever you want. During this phase it can be tempting to make large purchases such as expensive cars, boats or luxury trips. You don’t want to fund this phase by taking your Social Security earlier than you need to, or by making large withdrawals from your retirement accounts. 2. The ‘feeling lost’ phase - In time, many people become bored with the first phase of retirement and move on to a second phase. During this phase, you start to feel the loss of routine, relationships, identity, purpose and power that you had in your working life. This can be a difficult time, and it may coincide with the three D’s of retirement: decline, depression and divorce. 3. The ‘trial and error’ phase The ‘“trial and error” phase is about rehabilitation, when you seek out new meaning and purpose in your life. It’s a time of trial and error, where you’ll try new things. 4. The ‘reinvent and rewire’ phase- The most meaningful phase. You’re busy, and making important contributions to society. #retiring #retirementphases

Blind spots that we may miss out on.. Most people view retirement as a personal matter, with no direct implications to people around them. But the truth is, whether you’re married with or without kids or single, retirement will always affect your family. Unmarried adults or married adults without children tend to have more capacity to care for their elderly parents, whether it’s pertaining to physical or financial support. Thus comes the importance of factoring unexpected expenses not just from ourselves, but also from our family (parents / our grown up kids) during our retirement. Being unable to help our family during unexpected situations or deciding to provide assistance at the expense of our own retirement funds – both scenarios feel bad to be in. We are used to wondering all about the what-ifs throughout their lives. Don’t stop when it comes to planning for our retirement. - What if I outlive my savings? - What if I can’t take care of myself and I need to factor in the costs of a helper? - What if my parents were to need a lump-sum of cash for legit reasons? - What if inflation significantly increases my personal expenses? - What if there are major repairs needed on my home? - What if my children need my help? In the article, one of the respondents said “being independent in her old age is most important, … along with being healthy mentally, physically, emotionally and spiritually.” The above is well said. To add to it, being healthy financially is equally crucial. Financial health is not emphasised strongly enough, even today. Keep our finances healthy with the right strategies, just like how we keep ourselves physically healthy with the appropriate workout at the right intensity. An average person has 3 or 4 10-year cycle in his entire working career. Don’t wait till your last 10-year cycle of your working career to start planning for your retirement. That is too late, and it incurs significant sacrifice to compensate for the lost time. Lay the groundwork for a confident retirement. Start early, and compound interests will always be working consistently in your favour. #planwell #planearly #bekiasu #financialplanning #retirement #retirewell #financialhealth #singapore #financialadvisor

IT'S TESSA'S TUESDAY TIP ‼️ Why Moving Into A Smaller Home After Retirement Makes Life Easier: Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it’s important to think about whether your current home still fits your needs. If it’s too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. Downsizing can mean taking that equity when the home is sold and using it to pay cash or make a large down payment on a lower-priced home, reducing your monthly living expenses. Are you thinking of downsizing🏡 Call Tessa @803-212-8959. I'm EXCITED to assist you ♥️ #DesignedbyfaithLLC ##keepthefaith ##SMRealty&Associates ##tessastuesdaytip ##tuesdaytip #downsizing #retirement #SoldByTessa #southcarolina #Tessa #militaryrelocationspecialist #Sellerrepresentativespecialist #thankfulgratefulblessed #TheJoyOfTheLordIsMyStrength

Renting vs. Buying in Retirement: What’s Right for You? Retirement brings new opportunities and decisions, including where and how to live. Should you rent or buy? It depends on your lifestyle, budget, and long-term plans. Buying offers stability with predictable payments, equity building, and full control over your space—but comes with maintenance responsibilities and upfront costs. Renting provides flexibility and freedom from repairs, but rent increases can strain your budget. 
As a Senior Real Estate Specialist (SRES), I have the expertise to help you navigate these choices with confidence. I understand the unique priorities of older adults and can guide you through evaluating the financial and lifestyle impacts of each option. Whether you're seeking peace of mind, flexibility, or a home that aligns with your retirement goals, I’m here to help every step of the way. #SeniorLiving #ActiveAging #RetirementGoals #HealthyAging; 55PlusLifestyle #GoldenYears #RetirementPlanning EmptyNestLife AgingGracefully #SeniorRealEstate #DownsizingMadeEasy #LifeAfter55 #ActiveRetirement #ForeverYoung #BoomerLife #RealEstateInsights

Renting vs. Buying in Retirement: What’s Right for You? Retirement brings new opportunities and decisions, including where and how to live. Should you rent or buy? It depends on your lifestyle, budget, and long-term plans. Buying offers stability with predictable payments, equity building, and full control over your space—but comes with maintenance responsibilities and upfront costs. Renting provides flexibility and freedom from repairs, but rent increases can strain your budget. 
As a Senior Real Estate Specialist (SRES), I have the expertise to help you navigate these choices with confidence. I understand the unique priorities of older adults and can guide you through evaluating the financial and lifestyle impacts of each option. Whether you're seeking peace of mind, flexibility, or a home that aligns with your retirement goals, I’m here to help every step of the way. #SeniorLiving #ActiveAging #RetirementGoals #HealthyAging; 55PlusLifestyle #GoldenYears #RetirementPlanning EmptyNestLife AgingGracefully #SeniorRealEstate #DownsizingMadeEasy #LifeAfter55 #ActiveRetirement #ForeverYoung #BoomerLife #RealEstateInsights

Ever thought smaller could be smarter? Downsizing is not just a trend; it’s a smart move towards a simpler, clutter-free life. 🏡 Here's why: Financial Freedom: Lower housing costs can boost your retirement savings. Less Maintenance: Smaller homes mean fewer chores and more leisure time. Quality of Life: Enjoy a cosier, more manageable space tailored to your needs. Read The Ultimate Guide to Downsizing Here 👉 https://zurl.co/6lID Discover how to streamline your life and maximise your retirement with our comprehensive guide. #Downsizing #RetirementPlanning #FinancialFreedom #SmartLiving #Liviti

Picture the scene: you want to retire at 60, but you're not sure you can afford to. Do you… 🤔 🧑💼 𝗣𝘂𝘁 𝗼𝗳𝗳 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗸𝗲𝗲𝗽 𝘄𝗼𝗿𝗸𝗶𝗻𝗴? This could be a wise option if you enjoy what you do and aren't dead set on your retirement date. Though, it might mean pushing back some of your early retirement dreams – is that a compromise you're willing to make? 🏡 𝗗𝗼𝘄𝗻𝘀𝗶𝘇𝗲 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲? Doing so could free up some cash, bolstering your retirement savings and allowing you to stop working as planned. Just remember that moving house is an expensive and stressful endeavour, and you may face additional costs, such as estate agent and solicitor fees, as well as Stamp Duty. 🏢 𝗪𝗼𝗿𝗸 𝗽𝗮𝗿𝘁-𝘁𝗶𝗺𝗲 𝗶𝗻 𝗿𝗲𝘁𝗶𝗿𝗲𝗺𝗲𝗻𝘁 ? A “phased retirement” could help you to continue growing your pension pot, all while keeping you mentally, physically and socially active. However, it may take a while to find a part-time job you enjoy and that fits your lifestyle. 🤝 𝗪𝗼𝗿𝗸 𝘄𝗶𝘁𝗵 𝗮 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗽𝗹𝗮𝗻𝗻𝗲𝗿? A planner can help you create a retirement plan that fits your individual needs and goals. The average person who takes financial advice typically benefits from £47,000 more wealth than those who don’t. Good figures if you ask me! If retiring early has always been a lifelong dream, talk to us today to see if we can make it a reality. 👋

Retirement today is vastly different from previous generations. With longer life expectancies and evolving beliefs, preparing for retirement now requires a fresh approach. Retirement is a transition, not a destination. In this 'New Age of Retirement,' we need to address emotional and social components that are often overlooked in mainstream conversations. Retirement planning must go beyond finances. At ALIGN Rx, we guide individuals through this shift, recognizing that successful retirement planning encompasses more than just monetary considerations. We emphasize the importance of focusing on what you are retiring TO and WITH, rather than from. Designing a fulfilling retirement involves investing in oneself, prioritizing aspects like identity beyond work, an active lifestyle, social connections, cognitive engagement, relationships, and finding purpose. The key ingredients? 🏔 adventure + 🎨 creativity + 🧘♀️ spirituality #BabyBoomers #Retirement #RetirementPlanning #FinancialPlanning #Spirituality #Adventure #Creativity #AgingAdults #MentalHealth

Why Moving to a Smaller Home After Retirement Makes Life Easier Retirement is a time for relaxation, adventure, and enjoying the things you love. As you imagine this exciting new chapter in your life, it's important to consider whether your current home still fits your needs. If it's too big, too costly, or just not convenient anymore, downsizing might help you make the most of your retirement years. Learn more. Click the link: https://bit.ly/3Litwyb #silverpathrealty #housingmarket #letsgobuyahome #letsgrowtogether #letsrisetogether

Rethink Retirement: Downsize, Relocate, or Stay Put? Deciding whether to downsize, relocate, or stay put in retirement is a significant choice that impacts your finances and lifestyle. It would help if you navigated these options by evaluating financial benefits like reduced costs and potential tax advantages against personal factors such as community ties and lifestyle preferences. Remember, we are here to support you in planning for these decisions. Our team can help you navigate these choices, making strategic decisions that simplify your life and optimize your financial situation for a fulfilling retirement. #RetirementPlanning